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. >> steve: yesterday, my wife and i went to the mall and i made the observation and we parked the car we are by the second s in sears. >> gretchen: you are one guy. you are the one guy. >> steve: i could be. study is coming up in a minute. >> brian: you are one of the street level guys >> chris: subteryuan. >> you know what is going to happen 9:30 eastern time this is an mazing. ambassador susan rice will face biggest critics on capitol hill face to face. meeting with senator graham and john mccain and our own kelley wright live with more. kelley, this is an amazing development. it is my understanding that she requested the development. >> she did. they talked about since they were did that they were honored to meet with her. susan rice is the front runner for being nominated as the new secretary of state . that could be the reason why. if so she would need to be confirmed by lawmakers. republicans are outraged over the comments rice made in the u.s. consulate in benghazi. that could be problematic. >> initially it was a spontanous reaction to what transspired in carey as a consequence o
. an unacceptable rate. what if they held congress to the same standard? connell: steve cohen, one of the big names. he is now at the center of an insider trading case. charlie gasparino has been doing some reporting on that. he will be here to give us the very latest. first, let's look at oil. ♪ connell: markets now. heading back to nicole petallides. we do it every 15 minutes. nicole: take a look at zales. they come out with a loss that is worse than expected. the stock is getting pummeled today after the numbers that are coming out. they did not meet the expectations. citigroup, interestingly enough, are talking about the fact that they are still bullish on the company. they say they have inventory on hand for sale. their sales trend growth looks good. citigroup is out there and being very bullish. this stock is down 30%. back to you. dagen: thank you. save the twinkie. well, not quite. hostess and federal court right now moving forward with its plans to completely shut down. this will cost within 18,000 jobs after a mediation session failed to resolve any contract disputes. the u.s. bankruptc
. cheryl: interest and other fed in bringing charges against steve cohen. it appears even though he hasn't been convicted or charged with insider trading or anything some investigators are likening him to the head of an organized-crime family. senior correspondent charlie gasparino have a latest. charlie: i am not likening him to that. as i have set i think insider-trading is a victimless crime. although you do go to jail for a long time if you trade on material nonpublic information. the feds believe there's a lot of that stuff going down at sec capital. fox business has learned they are investigating steve cohen and have been for many years and we were first report that in 2007 they tapped the phone and got a court order to tap the phone in his home where he conducts his business. lot of interest in him. the interest is so high, they really do believe this is a problematic firm, and news sources close to government investigators and the fbi has an organizational chart of sec capital, it looks just like one of those mob charts. we are getting this from senior people close to the investi
activist was a power grab, and giving himself near absolute control of egypt. steve harrigan is streaming live for us from cairo. he understands you're in tahrir square? >> reporter: harris, that square behind me, as you can see from our live pictures, more tents have sprung up as the evening has gone on and those protesters say they are there to say we're hearing some small explosions and tear gas after three nights of protests here, skirmishes, and at least 500 people injured in those protests and now a death tonight as well. this coming north of cairo when an office of the muslim brotherhood, the group that supports the president was attacked, one 15-year-old boy killed in that attack, as many as 16 people wounded, harris. >> harris: it looks much different than last night. much more active at this hour. tell me this, i know that mohammed morsi is planning to meet tomorrow with his opponents, what can you tell us about that planned meeting? >> he's meeting with some chief justices here in cairo and it's the first seen of a potential move or sign of backing down by the president, but to
president morsi's wishes in an effort to restore order. let's begin with steve harrigan streaming live from cairo, protesters in full force in tahrir square, do you have any idea what is next for them? >> reporter: harris, what we are likely to see on sunday and tuesday, are, perhaps, massive street protests, not just by those who want to oust mohamed morsi, who think he's trying to become a dictator but those who support him, who think he is trying to do the right thing to dry and break the logjam and get rid of the old regime, we could see tens of thousands of people marching on the streets of cairo with opposite points of view, really, close problems im to each other. we have seen violence in the protest and could see more in the days to come and one other factor, to keep an eye on, these judges, they say they don't buy the president's decree, the judges across the country are trying to shut down the country's entire judicial system, harris. >> harris: you have so many staring hoeldz in all of this, steve and we are also keeping an eye on the prominent opposition leader, al-faradi. what
will flare up. steve? >> reporter: the number of those tents put up by protestors has grown. they are intent to stay there throughout the week but the number of protestors on the street has declined dramatically over the last 24 hours. on late friday there were up to 40,000 people on the square. the protests did turn violent here in cairo and other cities. buildings torched. police cars torched. a lot of tear gas and pepper spray in the shutdowns between protestors and security forces. and morsi and the top justices. many chief justices here in cairo and across the country they will no longer to go work until the president repeals his decrease for a power grab. we're seen what could be a show down on the streets. that is when supporters on tuesday and saying that he is trying to be a dictator will face off. both opponents and supporters of the president hauling out people and major marches expected on tuesday. >> heather: steve, thank you. >> gregg: contest in the background on egypt's president morsi. he was elected in june of this year after a revolution overthrowing president hosni mubara
-fire between is rainfall and hamas. steve care began streaming live too cairo with the latest developments right now. steve? >> reporter: jon, this is a key meeting between egypt's president and the chief justices in cairo. already there are hints from the president's side that compromise may be in the offing. perhaps a scaling down of that presidential decree which basically puts the president above the law and above the courts. the judges have been one of the bitterest opponents of the movement by the president. many judges across the country actually going out on strike. we may see a compromise in the meeting. appears the president underestimated the reaction to his decree. four for days in egypt we've seen protests street demonstrations and sometimes violence. in cairo at least 400 people injured in the past days of protest, one person killed and 13 offices of muslim brotherhood, 13 offices of the party that support the president have been ransacked and set on fire. if there is no compromise today there could be more trouble tomorrow. both sides, those who support the president, and th
in the marketplace. microsoft is doing something interesting. the question which i asked steve ballmer have sales been he would not give specific numbers but said they have been modest and is one of those devices you have to play with. dave: it is not so much the device itself. the device is important but the windows application. >> one of my friends wrote a great piece talking about you are not buying hardware that much anymore. apple makes the most beautiful hardware and spend a lot of time on design. it is this offer you're buying into now. do you want to buy into the windows experience? they you have a lot of stuff you need to do on office and xl? xl is a must for business. all businesses operate on xl spread sheet. if you need you need windows. dave: let's cut to the case with the software is which allows you to touch the screen which is something you use to not be able to do. >> i'm a little confused by what microsoft has been trying to do. you can touch the screen. that is great but when you decide to go to the keyboard or use a mouse it feels on. when you are using the touch experience it
watching in cairo. that's where we find our very own steve harrigan with more. >> reporter: jenna, the protesters are out once again in tahrir square tonight but in much smaller numbers than we saw last night. last night the hugest protests so far. as many as 200,000 people in the square. many of them calling not just for president morsi to withdraw his decree for his entire government to fall. as you mentioned, judges, in two of the major courts in egypt have gone out on strike. going out on strike until morsi repeals his decree entirely. for the first time we're hearing about public support for president morsi from his main backers, the muslim brotherhood. up until now morsi supporters have kept away from these demonstrators. now the muslim brotherhood say they will carry outa nationwide march on saturday, a real show of the popular support for the president. it may be that the tactics of the government will simply be hands off on these demonstrators in hopes these protests now after six days will begin to fade. jenna, back to you. jenna: steve harrigan live in cairo on the deve
, sparking new fears on the instability in an already volatile part of the world. steve harrigan is streaming live for us from cairo, egypt. steve? >> heather, there's a showdown between egypt' new president, morsi and the chief judges throughout the country say they will not go back to work as long as the president's orders stand, basically putting anything he says, any decree he makes, above the law and not subject to the court and we could have a country where prosecution basically shuts down. as far as the protesters in cairo, they've set up tents on tahrir down from yesterday, 40,000, yesterday afternoon and it turned violent and other cities, xaalexandria and police cars set on fire and other fires set as well. the next move in the battle will shape up to be tuesday when supporters of the president plan a march and also protesters, people who feel this president is trying to set himself up as a dictator will march as well. it will be a test of which side can draw the crowds and people and which side as a momentum in a battle so far, neither side is backing down heather. >> now, some bac
.a.c. management and it's unclear whether steve cohen himself will be on the call will be briefing investors of what's going on of late, notably this case filed last week. and this case is important because for the first time it would appear that steve cohen the fund founder has implicated himself in one of the trades involved, although we don't know what knowledge he had and whether he knew that martoma alleged improper information. having said all that, it's unclear what s.a.c. is facing in terms of investor redemptions. i reported last week on one money manager who under pressure from individual investors in its fund were redeeming capital. now, the next window to take capital back is actually not until early 2013, but that party filed a bit early. as of yet i was hearing there are other individual investors who are in s.a.c. either through funds of funds or in this case through private brokers who are feeling very uncomfortable about it. and they are almost looking at s.a.c. as a stock that could go to zero if these legal issues get serious enough. now, their advisers, money managers are
and giving speeches. >> joining me now is new york democratic congressman steve israel. sir, great to have you with us. mitch mcconnell saying the president should be speaking to members of his own party. interestingly enough, moments ago we heard from someone within mitch mcconnell's party, speaker john boehner, saying he thinks a deal is possible. take a listen. >> it's time for the president and democrats to get serious about the spending problem that our country has. but i'm optimistic. >> he's optimistic. we also have boehner saying he is disagreeing with tom cole, one of the few republicans who have come out to usual his party to strike a deal. right now, get this done. keeping the bush tax cults for 98% of americans, give up on keeping tax cuts low for the wealthy, 2%. take a listen to what cole on capitol hill had to say moments ago. >> in my view, we all agree that we're not going to raise taxes on people who make less than $250,000. we should take them out of this discussion right now and continue to fight against any rate increase, continue to try to work honestly for a much big
've got bill gates and steve ballmer face share moerld questions at microsoft's annual meeting today. below $27 a share, i'd love to ask a question. better than expected outlook for the apparel retailer and better than expected green mountain coffee, that thing is up. 22% the gain. 57 down for the dow. it's another sign that housing could be bouncing back. sales of luxury homes rising, but price down. and two luxly houses were sold after they were significantly marked down. ♪ >> let's go fast through this. the dow jones industrial average is down 57 points. more importantly, the price of oil is sharply lower. down a buck 38, $85 a barrel and more importantly, the your morning gold report way down, and buy the gold coins for christmas, on. sales of homes, people look for good investments and also, many of the expensive homes are much cheaper than they used to be. and joining us, she's going to show us two homes, and welcome back. i've got to start with the first house in phoenix, sold, i believe, in july of this year, 960,000 bucks way down from the michigan price, tell me. >> yes,
. >> welcome to 60 minutes on cnbc. i'm steve kroft. we live on an increasingly endangered planet, from the glaciers of antarctica to the rich prairie lands of canada. and the ultimate disaster may be financial as well as environmental. later in this episode, scott pelley reports from antarctica on the wide-ranging effects of global warming. and later bob simon has a story from canada on the environmental damage caused by the next great oil rush. but our first story involves a controversial waste product that could have damaging effects on the environment. there are more than 600 coal-fired power plants generating electricity in the u.s., and those plants produce 130 million tons of waste called coal ash. it contains concentrations of mercury, arsenic, lead, and other toxic materials. and as lesley stahl first reported in 2009, when coal ash is dumped into wet ponds--and there are more than 500 of those across the country-- the result can have an enormous health risk on the people living in nearby communities. >> we get about 48%, nearly half of the electricity in this country from coal
news , as steve bannon. how list by bart.com doing? >> excellent. we launched a new site right before andrew passed away with technology and new content almost 80,000 page views per month. we put content up everyday and these guys are on fire. lou: ben bernanke talking about a new normal that we would have a stubborn loss of skills, high unemployment , the zero growth, what is your reaction? >> they say this is the bernanke's side. look at chris or dirty but other money managers talk about historical growth rates of 4% that are baked into the obama budget are of the past. talk about the demographic wall, the low birthrate we will be less than 1% growth look at the economic crisis on top of a fiscal crisis. lou: the idea this country can sustain zero growth, high unemployment, it is not in our national day -- dna. i set my hat to whether bernanke or whoever that is not the way this country works. i guess it's a little angry. >> the birthrate 2011 is the lowest in history. corporations are sitting on $1 trillion in cash. the signals are out there by the people's decision that don't have
those companies. our next guest author of the big squeeze, and also steve didn't comment most cause problems? >> experts say many internships cause problems the labor department has ruled. john: they have never been enforced. >> and neither is the obama administration. >> nobody raised their hand. that it has to be to the sole benefit of the intern not the immediate benefit of the employer. aside from dell law what is wrong? it is a win-win. >> in many ways. but some say it is great instead of taking on the young people. john: it would day replace the paid work? >> a few weeks ago i interviewed workplace correspondence from eight coulda college in new york and got a job at the most famous fashion house. nine a.m. through 9:00 p.m. not paid at all. weekends, sometimes she got their lunch. john: she can quit. >> that is true. that we believe companies should follow the rules. >> then they should lobby the labor department to chan the rule. john: you help students find internships? >> absolutely. we put them in organizations and i cann say enough the advantage is paid or unpaid day hav
it will happen. lou: the president himself may have been talking to you or steve forbes. >> this is a great time. not only that, let's not forget that the last time that the senate had a budget is when harry reid worked with his friend, and nobody in the 2008 budget complained that they weren't spending enough money. that cuts out a trillion in spending right there. are you concerned about the time that they had taken have taken on this first day of the discussion? >> i was not hopeful that the president's tone. [talking over each other] [talking over each other] lou: are you being partisan here? >> i am not being partisan. i am being objective when i say that the president pays 1.6 trillion in new revenues. he wants to destroy the economy. no one in their right mind is going to allow that kind of increase to devastate the economy. lou: that's a good point. it's interesting that no one is talking about the fact that individual tax payment, 26% of the bush tax cuts over the past two years, the answer here is this. i just want to see everybody be happy. let me turn to benghazi. there is a palpable
people living in rich places like steve jobs or archimedes in ancient greece or leonardo, these are not people driven by desperation written by worry. i think it is the pessimist who are the complacent ones these days. this is as good as it can get, technologies, better be carefulr of genetically modified food iny case they are worse than the existing techhology. i think the world is great. john: thank you. coming up, who wants to go into space? you? my next guest says soon we can all be able to go there. [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision o
believe the speaker boehner, perhaps the president himself may have been talking to you, talking to steve forbes and others who talked about theossibility of reforming the entire tax code. that could -- >> this is a great time. you know, the kind of time... and, not only that, let's don't forget the last time that the senate had a budget, it was when harry reid worked with his friend, speaker pelosi and nobody in the 2008 budget complained that it wasn't spending enough money. let's go back to 2008. $2.5 trillion, and cuts off a trillion in spending, right there. >> lou: there are all sorts of ways to get there, as you suggest here tonight, and, as suggested in other forums as well, but the idea that this president an boehner are coming together to have at least a civil discourse over what in the world we're going to do about the fiscal cliff, six weeks remain, are you any more hopeful as a result of the tone they've taken on the first day o discussion? >> well, i wasn't hopeful with the president's tone, when he said -- >> are you being partisan he? >> i'm not being partisan, i am being
of a gasoline tax hike that has steve moore say washington is adding fuel to the fire but i heard it and i thought it could not be so but there is a real chance. >> i wish i were the chip magnet that you are. >>neil: it is a burden to carry but i try. >>guest: they are talking about a gas tax throwing out automatic sorts of revenue proposal and i listened to your interview with rand paul they are looking under any rock rather than looking if ways to cut spending. >>neil: that is what worries me. you have written brilliantly about this. i know they lost an election but did republicans also lose their backbone? >>guest: they have gone into the fetal position. i am worried. they did lose the election but they still hold the house of representatives and i don't think the american people want to actually increase it. to give you an example, you ask people about taxing the rich and you ask, do you think they will only tax the rich, a vast majority of americans think when they say tax the rich they will not just tax the rich but tax people like me, too, and that is the fallacy of this idea. anoth
. >> brian: last year. they tried this last year. lincoln chafey is whacky. for him to dress like steve busey every day is unbelievable and getting on my nerves. he takes over rhode island. this is a stand he'll have. he said since it was controversial last year and i kayed, let's is not a tree lighting. so the people want a tree lighting they just can't call at it holiday tree. >> bob: he is not a whacko. a good guy and good governor. went back to what the previous governor said. what do you think you put a tree up and put lights on it for? is there something else you call it? any other religion have it as part of a symbol for the holiday? >> brian: why would he alienate people of rhode island? >> dana: it's a fake holiday. i think that they probably in rhode island and the governor staff round about july they have a brainstorm meeting of the planning for the next six months. on the agenda is question of how can we drive the right azy this year? >> brian: he's a republican. he is kind of a republican. >> bob: he is a republican. >> dana: no, he's independent. >> brian: he left because no one
ask on gerri willis.com, 90% said a story, 81% said online. steve wright's the reality is we no longer depend on true american patriots to overcome the masses of those who will want to hand out. in the next four years will get worse. unless some unexpected event changes the direction of a country may god help us. we end on a light note. an audition tape made by the beetles that was rejected by record producer will go up for auction next week. will probably go down as one of the biggest blunders in business history. the record executive decided against signing the beatles because he is widely reported to
described this as 13 -- routine. that is true but the heat is turned up on sac and steve cohen himself. lori: he has to be preparing >> this is due. he has not been charge. sac has not been charged. with the indictment on matthew the% that he shared the information with, it is clear irritation not clear if he said inside deprivation by sharing itself was steve cohen. as we first reported they tapped his phone and have been going after him four years. they have about seven people around him and it is very decentralized it is known as the hub and spoke other managers go to him with their best ideas a. the notion is to they bombard him with those ideas? to say i have the legal tip. this is a big band. his money is in this but this fund will see the final run. let's just say the fed cannot get anything on him with a don't ask don't tell operation. the government as ways to shutdown if they think you're not compliant or if you ignore compliance or ignore it if they go activity. -- illegal activity. senior government officials say he is problematic. i think insider trading is a victimless crime th
, grandma! [ male announcer ] humana. ♪ david: might be the biggest trading case of all time as steve cohen is investigated in connection with a $2.76 billion trading scheme. joining us is a former investment banker, carroll ross. talk about insider trading in general. people wonder, depends on the prosecutor, what inside trading is. do you know, can you define clearly for me who insider trading is? >> sure, dave, i'll go ahead. it's anything where there is a trade on material non-public information so information that the general public wouldn't have access to. david: let me stop you right there then. if that's so, what about a warren buffet say? %-money for the economy, but ges a private meeting with tim geithner in the height of the financial crisis and tim tells him stuff about goldman sachs. he makes a $2 billion profit. could that not be considered, from your definition, to be insider trading? >> i think that's the crux of the issue. it's very difficult to decide what's proprietary research and non-public information. i'm not sure that insider trading and having the information is a b
coach, steve nash, i'm a phoenix suns fans. he's got the coach and nash there. this year will they be able to bring home a title? >> i have no idea. they haven't started winning. they really have a lot to do in terms of putting a team together and building up a winning culture. that might not happen ever. you got to wait and see. that's why they play the games. >> otherwise you wouldn't need all those games throughout the season. thank you so much. happy thanksgiving to you. >> happy thanksgiving. >> back to you. >> that was really cool. >> yeah. he seems very doubtful that this lakers team will win a title. i happen to agree. they seem a mess. antony, a very strange hire, i think. >> now to the other headlines of the day, new details emerging about the secret burial of osama bin laden. e-mails between military officials obtained by the associated press detail his funeral from this ship. the e-mails say no sailors on the ship watched the former al-qaeda leader's funeral. they also say that traditional islamic procedures were followed and religious remarks were translated
point that steve rattner made over the weekend which is all the guys and the women i know on wall street, none of them have ever become less energetic, less workaholics because of the capital gains rate at 25%. >> or 39.6%. >> hey, can i ask you about that, because -- help me understand this. we have a lot of people talking about how we need to 0 raise more taxes. >> sure. >> and i hear -- i hear the president talking about moving the top tax rate up to 39.6%. and i'm just wondering, is that as equitable an approach when a lot of really rich guys and women look at that 39.6%? right now i'm never going to pay that. >> yeah. >> would it be better to raise the capital-gains tax and say 15 to 20 or 15 to 25 percent would that help with income disparity a bit more? >> well, that's why i suggest a minimum tax, because you're absolutely right. of the 400 highest incomes in 2009, which average $200 million apiece, a quarter of the people paid at a rate under you 15%. so the only way to get it back is to have a minimum tax. >> how many of those would you bet, if you had to make a bet, paid 39.6%?
Search Results 0 to 27 of about 28 (some duplicates have been removed)